Listing of British Pound Stablecoin Aims to Reduce Friction and Enhance Onchain Utility for UK Users

Coinbase, the world’s most trusted crypto exchange, announced the listing of tGBP, a fiat-backed stablecoin denominated in British Pounds. This initiative is a core component of Coinbase’s international expansion strategy to support local currency stablecoins, advancing the mission to create a more open, accessible, and efficient global financial system.

Stablecoins have reached a critical inflection point, evolving from niche trading tools into the backbone of the global payments infrastructure. The stablecoin market cap has reached over $300 billion billion and is projected to grow to a $2 trillion asset class within the next few years. In 2025 alone, stablecoins settled over $30 trillion in transactions.

Unlocking Value for the UK Economy

The introduction of tGBP on Coinbase provides UK individuals and businesses with a locally denominated digital asset to manage wealth and transact without the complexities of the traditional financial system.

Key benefits include:

• Reduced friction: Enabling near-instant settlement, bypassing the legacy delays inherent in traditional banking.
• Elimination of FX volatility: Users can manage digital assets directly in GBP, removing the need for costly and volatile conversions between USD-pegged assets and British Pounds.
• Onchain innovation: tGBP provides a gateway for users to participate in tokenized real-world assets and decentralized finance (DeFi) using their native currency.

“Stablecoins are having their iPhone moment. Their excellent product-market fit is consistently exemplified by growing institutional and consumer adoption globally. Ensuring that Coinbase’s users can access a fiat-backed GBP denominated stablecoin is crucial to ensuring the UK can be part of the future of finance,” said Keith Grose, Senior Country Director, Coinbase UK.

“tGBP being available on Coinbase means UK users no longer have to think in USD to participate in the onchain economy. With stablecoin adoption surging and the UK’s regulatory framework taking shape, London is cementing itself as a global finance hub and tGBP is laying foundational infrastructure for continued innovation,” said Benoit Marzouk, Chief Executive Officer, tGBP.

Availability

tGBP is available on Coinbase globally. Users in the UK and other supported regions can buy, sell, convert, send, and receive tGBP via the Coinbase app and Coinbase Exchange.

Source: Coinbase